Kotak Mahindra Bank: Treasury looting customers, increased interest rates for the third time in 2 weeks


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Kotak Mahindra Bank : If you want to invest your money without risk and want to get a better return, then for this you can invest in Fixed Deposit (FD) and these are the times. It is a very good time to invest in FD. Because the bank has not once but thrice its interest rates. Kotak Mahindra Bank, which is revising it, is attracting its customers to invest. This is the reason why the bank has increased the interest rates of FDs thrice within 14 days in the month of November.

Kotak Bank: Interest rates increased for the third time in 2 weeks

Interest rates have been increased by 0.50 basis points on FDs of all tenures

On 30 September, the Reserve Bank of India (RBI) increased the repo rate. Because of which all the banks have to revise their interest rates. In this series, Kotak Mahindra Bank has also increased interest rates by 0.50 basis points on FDs of all tenures for investment of less than Rs 2 crore. The increased interest rates will be applicable from November 14. Earlier also the rates of interest were revised. This revision was done on 1 and 9 November 2022.

Kotak Bank: Interest rates increased for the third time in 2 weeks

interest rates are

Which are Kotak Mahindra Bank with tenure of 7 to 14 days with tenure of 5 to 10 which are investment on FD. Giving her a chance. According to the bank, if ordinary citizens invest for a period of 23 months to 2 years, then they are being given an interest of 6.66. On the other hand, if we talk about the maximum interest rates of senior citizens on this tenure, then it is being given 7.19 percent.

Kotak Bank: Interest rates increased for the third time in 2 weeks

Interest Rate Canara Bank FD’s

If we talk about Canara Bank, then the banks who are ordinary citizens on investment for the time period of 1, 2, 3 years. They are giving 6.25 percent interest and if we talk about the rate of interest of senior citizens of the same period, then they are being given 6.75 percent. For a period ranging from 3 to 5 years, interest of 6.5 percent is being given to general citizens and 7 percent to senior citizens. If you invest this interest rate on a period of 5 to 10 years, then you are getting on that too.

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english summary

Kotak Mahindra Bank customers increased interest rates for the third time in 2 weeks

If you want to invest your money without risk and want to get a better return, then for this you can invest in Fixed Deposits (FDs) and this is the time.

Story first published: Monday, November 14, 2022, 19:21 [IST]





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